Tata Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 26, 2008, inter alia, has recommended, subject to the approval of  shareholders at the Annual General Meeting, dividends of:

1. 2% on Cumulative Convertible Preference Shares (CCPS) of Rs 100 each payable on pro-rata basis from the date of allotment of CCPS i.e. January 18, 2008 to March 31, 2008 and

2. 160% on Ordinary Shares of Rs 10 each for the year ended March 31, 2008.